Balwani and the company's founder, Elizabeth Holmes, had promised to revolutionize the medical industry by using a few drops of blood to complete a wide array of health tests.
Investigations Newsletter: Ramesh Sunny Balwani, Former Theranos President and COO, Found Guilty on All Twelve Fraud Counts in High-Profile Trial | ArentFox Schiff jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
The San Jose, California, jury deliberated for a little more than five days before convicting Balwani on two counts of conspiracy and 10 counts of fraud, a spokesperson for US Attorney Stephanie Hinds said.